# Corporation Tax Act 2009, Section 571: General rule: profits chargeable as income


(1) The general rule for corporation tax purposes is that all profits arising to a company from its derivative contracts are chargeable to corporation tax as income in accordance with this Part.
(2) But see Chapter 7, which makes provision for cases in which profits arising to a company from its derivative contracts are chargeable to corporation tax as chargeable gains.

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Source: https://www.legislation.gov.uk/ukpga/2009/4/section/571 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2009/section-571
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.